Exxon Mobil Corp. has broken through a support line of a Descending Triangle chart pattern. If this breakout holds true, we expect the price of Exxon Mobil Corp. to test 39.66 within the next 3 days. But don’t be so quick to trade, it has tested this line in the past, so you should probably confirm the breakout before placing any trades.
Breach of support could mean a start of a bearish trend on Exxon Mobil Corp.
